Rothschild has had a busy week in the UK market, announcing multiple M&A mandates and helping coordinate a rights issue for a troubled outsourcing company.

The bank on Thursday was named as a financial adviser to UK lender TSB on a possible £1.7 billion sale to Spain’s Banco Sabadell. TSB said in a stock market announcement that it would be willing to recommend the 340 pence per share offer.

It also emerged on Thursday morning that Rothschild is advising British outsourcing firm Serco on its approximately £555 million rights issue, after the company announced a £1.35 billion loss for 2014.

On Wednesday Rothschild was named as financial adviser to Cambridgeshire-based technology company Domino Printing on its more than £1 billion takeover by a Japanese peer and UK-based sandwich manufacturer Adelie Foods on its sale to a private equity firm.

Ex-Lehman Brothers financial institutions specialist Stephen Fox is leading the Rothschild team advising TSB, according to a person familiar with the matter. Bankers from Citi are working for TSB alongside Rothschild, while Goldman Sachs is advising the bidder.

Robert Leitão, head of global financial advisory at Rothschild, said: “The increased momentum we saw in M&A markets last year has so far continued into this year with a number of transactions announced and more in preparation.

"It is pleasing that Rothschild is advising on a significant share of these. Looking forward, there is the potential for the global and macro uncertainties to subdue activity but there is little sign of this currently”.

The win for Rothschild and Citi comes less than a year after the banks worked on an initial public offering for TSB in June 2014, which valued the company at around £1.3 billion. Rothschild worked as financial adviser to the board of TSB on the transaction, while Citi was joint global co-ordinator, joint sponsor and joint bookrunner.

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The Rothschild bankers working on the Serco rights issue are John Deans, Paul Duffy and Peter Nicklin. The bankers on the Domino Printing deal earlier in the week were Ravi Gupta, Neil Thwaites and Sabina Pennings.

Rothschild is currently in ninth position in Dealogic’s UK investment banking league tables with a 3.4% market share in the year-to-date, although the data does not yet include this morning’s Serco deal. The bank finished last year in 12th position with a 2.2% market share.

The bank continues to be somewhat agnostic to deal size, working on 14 M&A mandates in the UK so far this year, more than any other bank, according to Dealogic. Rothschild has benefited from a number of overseas buyers looking to snap up UK-based companies this year, with UK inbound M&A activity at a record high for the year-to-date.

Other notable transactions Rothschild has worked on in the UK this year include beverage can maker Rexam’s sale to US peer Ball, valued at $8.5 billion by Dealogic, and Eversholt Rail Group’s $3.8 billion takeover by Honk-Kong’s Li Ka-shing.